Company Number: 06276775 Charity Number: 1122783
SHRI DURGA BHAWAN TEMPLE INTERNATIONAL LIMITED
ANNUAL UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2023
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Contents of the Financial Statements for the Year Ended 31 January 2023
| Page | |
|---|---|
| Trustees' Annual Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5 to 7 |
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Trustees' Annual Report for the Year Ended 31 January 2023
Director(s)
Kuldip Singh
Trustee(s)
Kuldip Singh
Principal Address
767 Willenhall Road Willenhall Wolverhampton West Midlands WV13 3LH
Independent Examiner
ABS Henn Chartered Certified Accountants Creative Industries Centre Wolverhampton Science Park Mammoth Drive Wolverhampton West Midlands WV10 9TG
Objectives and Activities
The objectives of the Charity are to promote religious and spiritual teaching, and to look at deprived communities and try to alleviate the suffering of poor and deprived communities.
The activities of the Charity are, through religious and spiritual teaching, the organisation of prayer meetings, to look at deprived communities and offer food services, and to look at improving education within the community.
The Trustee is aware of the guidance issued by the Charity Commission on public benefit.
Structure, Governance and Management
The Charity is governed by its Memorandum and Articles of Association.
The Charity is a private company, limited by guarantee without share capital, registered in England and Wales.
Financial Review
The financial statements provided show the Charity's transactions during the financial year.
The trustees declare that they have approved the trustees' report above.
Signed on behalf of the Charity's trustees and directors,
Kuldip Singh
Kuldip Singh (Oct 29, 2023 14:30 GMT)
_________ Kuldip Singh Date: 27 October 2023
Page 1
Independent Examiner's Report to the Directors & Trustees of Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
for the Year Ended 31 January 2023
I report to the Charity trustees on my examination of the accounts for the year ended 31 January 2023 set out on pages 3 to 7.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act).
Independent examiner's statement
I have completed my examination, and I can confirm that no material matters have come to my attention which gives me reasonable cause to believe that:
-
accounting records were not kept in accordance with Section 386 of the 2006 Act; or
-
- the accounts do not accord with the accounting records; or
-
the accounts do not comply with relevant accounting requirements under section 396 of the 2006 Act other than any requirements that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ABS Henn
ABS Henn (Oct 29, 2023 15:25 GMT)
ABS Henn Chartered Certified Accountants Creative Industries Centre Wolverhampton Science Park Mammoth Drive Wolverhampton West Midlands WV10 9TG
Date: 27 October 2023
Page 2
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Statement of Financial Activities (including summary income and expenditure account) for the Year Ended 31 January 2023
| Recommended categories by activity Income (Note 2) Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other Total Income Expenditure (Note 4) Expenditure on: Raising funds Charitable activities Separate material expense item Other (Note 5) Total Expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
|---|---|---|---|---|---|
| 28,122 | - | - | 28,122 | 22,015 | |
| - | - | - | - | - | |
| - | - | - | - | 4,800 | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | 10,044 | |
| 28,122 | - | - | 28,122 | 36,859 | |
| - | - | - | - | - | |
| 26,260 | - | - | 26,260 | 47,649 | |
| - | - | - | - | - | |
| 900 | - | - | 900 | 1,265 | |
| 27,160 | - | - | 27,160 | 48,914 | |
| 962 | - | - | 962 | 12,055 - |
|
| 962 | - | - | 962 | 12,055 - |
|
| 711 - |
- | - | 711 - |
11,344 | |
| 251 | - | - | 251 | 711 - |
Page 3
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Balance Sheet
for the Year Ended 31 January 2023
| FIXED ASSETS Tangible assets (Note 7) Total Fixed Assets CURRENT ASSETS Debtors (Note 8) Cash at bank and in hand (Note 9) Total Current Assets (Note 10) Net Current Assets/(Liabilities) Total Net Assets or (Liabilities) FUNDS OF THE CHARITY Unrestricted funds Total Funds CREDITORS: amounts falling due within one year Total Assets less Current Liabilities |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
|---|---|---|---|---|---|
| 530 | - | - | 530 | 625 | |
| 530 | - | - | 530 | 625 | |
| 1,113 | - | - | 1,113 | 910 | |
| 444 | - | - | 444 | 987 | |
| 1,557 | - | - | 1,557 | 1,897 | |
| 1,836 | - | - | 1,836 | 3,233 | |
| (279) | - | - | (279) | (1,336) | |
| 251 | - | - | 251 | (711) | |
| 251 | - | - | 251 | (711) | |
| 251 | - | - | 251 | (711) | |
| 251 | - | - | 251 | (711) |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Signed on behalf of the Charity's trustees and directors,
Kuldip Singh
Kuldip Singh (Oct 29, 2023 14:30 GMT) _________ Kuldip Singh Date: 27 October 2023
Page 4
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Notes to the Accounts for the Year Ended 31 January 2023
1. ACCOUNTING POLICIES
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
Income
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met. Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Expenditure and Liabilities
The charity has creditors which are measured at settlement amounts less any trade discounts. The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
Assets
Tangible assets are capitalised if they can be used for more than one year, are valued at cost, and the depreciation rates and methods used are disclosed in note 7.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
2. ANALYSIS OF INCOME
| Donations and gifts (Unrestricted funds) Donated goods, facilities and services (Unrestricted funds) Rental income received (Unrestricted funds) Coronavirus job retention scheme grants (Unrestricted funds) |
2023 £ 12,966 15,156 28,122 - - - - 28,122 |
2022 £ 6,859 15,156 |
|---|---|---|
| 22,015 | ||
| 4,800 | ||
| 4,800 | ||
| 10,044 | ||
| 10,044 | ||
| 36,859 |
Page 5
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Notes to the Accounts (Continued) for the Year Ended 31 January 2023
3. DONATED GOODS, FACILITIES, AND SERVICES
| Use of Property Other |
2023 2022 £ £ 15,000 15,000 156 156 15,156 15,156 |
|---|---|
The value of donated services and facilities provided to the trust are recognised at their open market value in the period in which they are receivable as incoming resources. An equivalent amount is included as expenditure under the relevant heading.
4. ANALYSIS OF EXPENDITURE
| Rent, rates and water rates (Unrestricted funds) Employee costs (Unrestricted funds) Insurance (Unrestricted funds) Light, heat and power (Unrestricted funds) Telephone (Unrestricted funds) Sundry expenses (Unrestricted funds) Depreciation of fixtures and fittings (Unrestricted funds) Total expenditure on charitable activities 5. DETAILS OF CERTAIN TYPES OF EXPENDITURE Fees for examination of the accounts Independent examiner's fees Assurance services other than independent examination Tax advisory fees 6. DETAILS OF PAID EMPLOYEES Staff Costs Salaries and wages Social security costs Pension costs (defined constribution scheme) |
2023 £ 19,208 - 1,281 5,073 156 447 95 26,260 2023 £ 900 - - 900 2023 £ - - - - |
2022 £ 16,563 20,799 1,173 8,403 156 445 110 |
|---|---|---|
| 47,649 | ||
| 2022 £ 1,265 - - |
||
| 1,265 | ||
| 2022 £ 20,800 - - |
||
| 20,800 |
No employees received employee benefits (excluding employer pension costs) for the financial period of more than £60,000.
The average number of employees in the year (including directors) was 1 (2022: 2).
Page 6
Shri Durga Bhawan Temple International Limited Charity Number: 1122783 Company Number: 06276775
Notes to the Accounts (Continued) for the Year Ended 31 January 2023
7. TANGIBLE FIXED ASSETS
| Fixtures & Fittings £ Cost or Valuation At the beginning of the year 1,950 Additions - Disposals - At the end of the year 1,950 Depreciation and Impairments At the beginning of the year 1,325 Depreciation charge 95 Eliminated on disposals - At the end of the year 1,420 Net book value at the end of the year 530 Depreciation rates and methods: Fixtures and fittings - 15% Reducing balance 8. DEBTORS AND PREPAYMENTS Recoverable within one year 2023 £ Trade debtors - Prepayments and accrued income 1,113 Other debtors - 1,113 9. CASH AT BANK AND IN HAND 2023 £ Short term cash investments - Short term cash deposits - Cash at bank and in hand 444 Other - Total 444 10. CREDITORS AND ACCRUALS Falling due within one year 2023 £ Trade creditors 936 Accruals and deferred income 900 Taxation and social security - Other creditors - Total 1,836 |
Total £ 1,950 - - |
|---|---|
| 1,950 | |
| 1,325 95 - |
|
| 1,420 | |
| 530 | |
| 2022 £ - 910 - |
|
| 910 | |
| 2022 £ - - 987 - |
|
| 987 | |
| 2022 £ 964 936 249 1,084 |
|
| 3,233 |
Page 7